Monthly Archives: December 2011

Modifying QuickBooks Reports Gives You Better Insight Into Past, Future: Part 1

  If you make one resolution about improving your accounting procedures in 2012, it should be this: Make extensive use of the tools that QuickBooks offers for report modification. Comprehensive, meticulously-shaped reports that flow out of your carefully-constructed records and … Continue reading

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2012 Social Security wage base and 401(K) contribution limits

For 2012 the maximum amount of earnings subject to Social Security taxes has been increased to $110,100, up from 106,800 in 2011.¬† If you have a sole proprietorship¬†or are an active partner in a partnership then you may need to … Continue reading

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Standard Mileage Rates for 2012

The IRS has released the 2012 optional standard mileage rates that employees, self-employed individuals, and other taxpayers can use to compute deductible costs of operating automobiles (including vans, pickups and panel trucks) for business, medical, moving and charitable purposes. The … Continue reading

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